KarstadtQuelle AG

euro adhoc: KarstadtQuelle AG
Lufthansa and KarstadtQuelle reach agreement on Thomas Cook

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Ad hoc notification in accordance with § 15 of the German Securities Trading Act

Lufthansa and KarstadtQuelle reach agreement on Thomas Cook

Deutsche Lufthansa AG and KarstadtQuelle AG have today signed a Memorandum of Understanding. In this accord, Lufthansa has agreed to sell its 50 per-cent stake in the leisure travel group Thomas Cook AG to KarstadtQuelle. The agreed purchase price is 800 million euros. While Lufthansa raises its stake in Condor Flugdienst GmbH from the present ten to 24.9 per cent and receives the shares held by Condor in the Turkish holiday carrier Sun Express, the net profit for the previous financial year 2005/06 of Thomas Cook will fully remain within the company. The accord still requires the approval of the Supervisory Boards of Lufthansa and KarstadtQuelle and endorsement by the regulatory authorities. The transactions are scheduled to be finalised in the first quarter 2007.

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ots Originaltext: KarstadtQuelle AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Karstadt Quelle AG
Investor Relations
Tel. +49(0)201 727-9816
Fax: +49(0)201 727-9854
E-Mail: investors@karstadtquelle.com

Branche: Retail
ISIN:      DE0006275001
WKN:        627500
Index:    CDAX, Classic All Share, HDAX, MDAX, Midcap Market Index,
              Prime All Share
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard
              Börse Berlin-Bremen / official dealing
              Hamburger Wertpapierbörse / official dealing
              Baden-Württembergische Wertpapierbörse / official dealing
              Börse Düsseldorf / official dealing
              Niedersächsische Börse zu Hannover / official dealing
              Bayerische Börse / official dealing

Weitere Meldungen: KarstadtQuelle AG

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